HIPPO Valley Estates has made remarkable progress in reducing its petrol and diesel consumption and subsequently tamed its carbon footprint during the fiscal year ending March 31, 2024 (FY 2024). Energy is crucial to the operations of Hippo Valley Estates, impacting both productivity and its environmental footprint. To address these issues, the electrical department meticulously…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has once again demonstrated its commitment to giving back to the community, this time at Chivhu General Hospital.
LOCAL diesel consumption edged up by a marginal 0,16 percent to 704,32 million litres in the first eight months of 2024, compared to 703,15 million litres in the same period last year, despite significant national and international events, latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows. Advertisements The increased reliance on diesel-powered generators…
TRANSPORT and logistics concern, Unifreight Africa (Unifreight) significantly reduced borrowings during the six months to June 30, 2024 to ZWG31,1 million, a 39,5 percent decline from ZWG51,7 million in December 2023. Advertisements The sharp decline in debt levels reflects a strategic pivot towards maintaining financial stability and minimising the risks associated with excessive leverage in…
OLD Mutual Zimbabwe has announced that its asset management division invested US$13 million in alternative ventures, including renewable energy projects, during the half-year ending June 30, 2024.Advertisements In a statement accompanying the group’s financial results, Old Mutual Zimbabwe chief executive, Samuel Matsekete, emphasised the company’s commitment to driving transformation toward a green economy. “The transition…
ZIMRE Holdings (Zimre) recorded a 63 percent surge in insurance contract revenue to US$31,6 million for the half year ended June 30, 2024, driven by impressive real business expansion in regional reinsurance units and the life and pension segment.Advertisements Regional operations bolstered group insurance contract revenue as a result of new business acquisitions and increased…
PADENGA Holdings (Padenga)’s cumulative spending on capital projects surged 7,98 percent to US$7,19 million in the first six months ended June 30, 2024 from US$6,66 million in the comparative period as the group seeks to consolidate its diversification strategy. Advertisements The group, which has mining and crocodile breeding businesses operating as Dallaglio Investments and Agribusiness…
LIQUEFIED Petroleum Gas (LPG) consumption in Zimbabwe rose by 7,08 percent in the first eight months of 2024, reaching 47,42 million kilogrammes (kgs), up from 44,29 million kg during the same period in 2023, according to latest data from the Zimbabwe Energy Regulatory Authority (ZERA). While this increase might seem like a positive trend, it…
PLAYERS in Zimbabwe’s tourism industry are calling for the revitalisation and capacitation of the aviation sector, emphasising the need to draw lessons from neighbouring African countries to enhance the country’s tourism growth.Advertisements This comes as Zimbabwe seeks to revitalise its aviation industry after years of neglect, with recent policy changes aimed at fostering a competitive…
THE Reserve Bank of Zimbabwe (RBZ) has urged banks to integrate sustainability into risk assessments and help businesses manage environment-related risks. Experts emphasise that prioritising sustainability is crucial for Zimbabwe to avoid past mistakes and secure a prosperous future for future generations. Zimbabwe, like much of the African continent, is dealing with the impacts of…
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